Finding properties to invest in is one of the most difficult aspects of real estate investing, particularly if you are searching for properties that need to be rehabbed.
While MLS listings and foreclosures are good sources for below-market fix-and-flip opportunities, finding properties with a high return on investment (ROI) frequently requires putting one’s boots on the ground.
This is a technique known among real estate investors as “driving for dollars,” and it entails visiting targeted subdivisions with the goal of finding distressed properties.
Real estate investors, wholesalers, and bird dogs may all use this technique. It’s particularly helpful in a hot market like today’s when listed properties go under contract in hours and get hundreds of bids.
Driving for dollars enables you to discover distressed properties that are not on the market, allowing you to make the first (and only!) bid.
The difficulty with driving for dollars is that you must first avoid driving in the same geographic area several times, wasting time and money, and secondly, gather and arrange the various addresses of the properties you discover.
Following that, you’ll need to find the contact information of the property owners and then conduct some prospecting utilizing various marketing techniques, such as direct mail.
This can be a very time-consuming procedure, but that is where DealMachine can help out.
This review will go over Deal Machine to see if it really is the best real estate course out there.
You’ll learn whether real estate is the right online business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding Deal Machine and real estate in general.
But most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
This system made them swear off real estate for good because it uses some of the same skills but in a much more powerful and profitable way!
Deal Machine is a one-of-a-kind marketing software app that enables you to grow your real estate investing and wholesaling business by “driving for dollars.”
You might argue that the Deal Machine app is like driving for dollars on steroids since it has so many features that enable you to communicate with the direct seller all from your phone.
The DealMachine app is best used for sending out direct mail solicitation letters to the property owners of specific properties that you have hand-picked.
The DealMachine app is also very useful in obtaining all available contact information for a property owner (for example, mailing address, email address, and phone number).
When comparing this software app to other direct mail services and people-finding websites, the most significant difference is in how this DealMachine app is built and meant to be used.
When a person downloads this DealMachine app to their phone (or tablet), they can drive to the physical location of the property, take a picture, and direct mail a pre-written postcard to the owner (with the photo prominently displayed on the card) asking them to call if they’re interested in selling.
The best thing to do is drive around your area and look for properties that seem dilapidated, aged, or boarded up.
Input the address and use the Deal Machine app to snap a photo of the property.
Now Deal Machine will do its job and locate the property owner and also determine how much equity they have in the property, as well as their mailing address and contact information.
The last step is to contact the owner, either by direct mail or phone. It’s truly that easy to start
building your own list.
While driving for dollars is wonderful and may help you grow your own list, doing nothing with that new list will not help you get a deal under contract.
So, in order to get the most out of Deal Machine, you must utilize its features.
Cold contacting the property owner on the spot would be the greatest strategy to close deals. If the property owner does not respond, you may send them a direct mail campaign right from the DealMachine app.
This real estate lead generation software program may benefit a wide range of entrepreneurs and companies since the features included in Deal Machine can assist in growing a company.
You will be driving for dollars with Deal Machine, which means you will be driving around various neighborhoods searching for distressed properties.
So, if you like cruising about and making money, Deal Machine is unquestionably the software program for you.
If you want to flip properties and find deals, or just buy and hold, the Deal Machine app can help you build a list of investment properties.
If you are a real estate wholesaler, you should already be aware of the advantages that a Deal Machine app may provide.
Many “gurus” will advise you to buy a list and cold call till you can’t think of anything else to do.
With the Deal Machine app, you may build your own list of distressed properties and contact the sellers.
Deal Machine allows you to start totally free with their full CRM system, allowing you to manage your prospective leads.
Deal Machine includes a 14-day free trial that enables you to try out the whole range of tools.
The Basic DealMachine package costs $49 per month.
Aside from the CRM, the basic package includes a few more features.
The $49 plan also includes a fixed number of street leads each month, personalized mailer options, and other features.
The Professional package costs $99.
It includes a few more features, such as the ability to designate a second member.
There is also an enterprise-level package available for $2990 per year and is suited for teams of up to 30 people.
The enterprise package includes one big draw in the form of a custom landing page and training portal created just for your team.
This is a new product add-on for Deal Machine. With List Engine, you can instantly generate a list of thousands of leads, whether you need them for cash buyers or seller leads.
The Deal Machine App has numerous features that enable you to communicate with prospective sellers and buyers using your phone and retrieve the full property information in an instant.
Using the Deal Machine app, you can easily pin properties, see the names of property owners, and owner type inside property border lines.
You can also send out direct mail campaigns using a picture of the property.
Its Driving Route Tracking feature prevents you from driving down the same street again, allows you to cover a large area, receive a mileage-based tax deduction, and track the progress of your team.
With the app’s Deal Finder Recruiter feature, you can hire a team to find deals and leads for you.
You can keep track of your leads with its full CRM system.
As you can see, this software is capable of a wide range of tasks and merits the attention it receives. Many major players in the game, such as Khang and Alex Saenz, have begun to recognize this and promote it on their social media accounts.
Yes, You can!
There’s a lot that comes along with real estate that many people struggle with.
Now, don’t get the wrong idea…
It’s not impossible to make money with real estate, but if you’re gonna put in the amount of grueling work to do this business (which, trust us, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
The program that helped skyrocket many online businesses to over $40,000+ per month is so simple that making money really does become second nature.
Deal Machine is unquestionably legitimate.
It is entirely possible to build a profitable, successful real estate business… But there are better ways to make money other than with real estate.
Our #1 pick proves this. Because, unlike DealMachine, it actually provides real proof of real success from real people as recently as a few days ago.
David Lecko, the founder of Deal Machine, created this outstanding piece of software to help people build their own customer list. He is very transparent with his company and very engaging on social media.
Also, rather than purchasing a cold list online, this software enables novices to build some traction when first starting out.
While $49 isn’t outrageously costly, it may add up quickly if you aren’t regularly landing deals.
Dealmachine is certainly worth a try if you are specialized or focused on driving for dollars to discover wholesale deals.
You may profit from it even if you’re a realtor, since driving for dollars isn’t only for wholesale investors.
Realtors use the same thing to skip trace prospective seller clients, but the properties they’re searching for aren’t typically distressed.
So, using Dealmachine, they can skip trace property owner contact information and approach them to sign a potential listing contract.
But, when it comes to building a business, you have plenty of options.
And even if you’re dead set on becoming a real estate investor, you’ve got way better options than Deal Machine.
Keep in mind, we don’t get paid to promote any of the programs we review. We personally think real estate is a great enterprise model, but you could end up leaving way too much money on the table.
Where these Deal Machine investments fall short in my opinion, is scalability.
Because in order to make a good amount of money with real estate, you have to own several different houses.
And who has that kind of capital to start?
But what if you went local?
With Local Lead Generation, you will be getting service requests from multiple sites at every minute of the day from people who are willing to pay a lot of money for what you can provide them.
I was watching a YouTube video once where the host made a comment that it isn’t about making a lot of money from one website… it’s about making a little bit of money from lots of different websites.
So, think of it this way….
What if you could have streams of investment income where you operated 10 rental units that you could charge anywhere from $750-1,000 per month?
That’s $7,500-10,000 per month in passive income!
What If You Invested Into 100 Rental Units?
But instead of spending $Millions to build houses or apartment complexes… you spend a couple hundred dollars to build websites.
You then get those websites ranked in the search engines for specific home-based services that customers are searching for.
Next, you offer your lead generation system to local business owners who are looking for customers and are willing to pay you for their information.
You’ve just created a Digital Real Estate Investment Empire that is potentially earning you 4-5 figures in PASSIVE INCOME on a monthly basis without spending a single dime on ads.
With conventional digital real estate, you have to compete with thousands, if not millions of others who are selling the SAME product to the SAME customers.
Once the training program is completed you will also have access to a Facebook group much better than the real estate investments group in our opinion. This group is much more active.
Unlike real estate investments, where you’re profiting maybe $250 per property, you could be getting 5-10X THAT.
With Local Lead Generation, the competition is virtually nothing and your profit margins are 85-90%.
Now, I could go on and on, but I’m sure you have tons of questions about how to create Digital Real